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Vacancy Rate Formula:
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The Staffing Vacancy Rate is a metric used in human resources to measure the percentage of unfilled positions in an organization compared to the total number of authorized positions. In the Philippines, this is particularly important for workforce planning and budgeting.
The calculator uses the vacancy rate formula:
Where:
Explanation: The formula calculates what percentage of your total workforce positions are currently vacant.
Details: Tracking vacancy rates helps organizations understand their staffing efficiency, plan recruitment strategies, and assess workforce stability. In the Philippines, this is crucial for compliance with labor regulations and effective human resource management.
Tips: Enter the number of vacant positions and total authorized positions. Both values must be positive numbers, and total positions must be greater than zero.
Q1: What is a good vacancy rate in the Philippines?
A: Typically, 5-10% is considered healthy, allowing for natural turnover while maintaining operational efficiency. Rates above 15% may indicate staffing problems.
Q2: How often should vacancy rates be calculated?
A: Monthly calculation is recommended for most organizations, though quarterly may suffice for stable workforces.
Q3: Should temporary positions be included?
A: Only include positions that are part of your regular staffing complement. Temporary or project-based positions should be excluded.
Q4: How does this differ from turnover rate?
A: Vacancy rate measures unfilled positions at a point in time, while turnover rate measures the rate at which employees leave over a period.
Q5: What factors affect vacancy rates in the Philippines?
A: Common factors include labor market conditions, salary competitiveness, company reputation, and industry-specific demand for skills.